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10-27-2023 Newsletter: From Investment Banking to Media & Entertainment

OfficeHours

open.spotify.com/show/7aeLSeoDAPHEGZ89UECnmk We are excited to host Rhea Harsoor as she shares her insights and journey from Investment Banking to Media and Entertainment TODAY AT 3PM ET ! To celebrate and share her comedy with the world, she created her meme page ABCDGen, short for American Born Confused Desi Generation.

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ValueAct reveals stake in Fanduel-parent Flutter Entertainment

CNBC: Investing

The filing comes after Flutter listed its shares on the New York Stock Exchange in January, and ahead of a move in its primary listing to the U.S. on May 31.

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Wells Fargo upgrades Flutter Entertainment, says buy the dip on the FanDuel parent stock

CNBC: Investing

Investors should snatch up shares of Flutter Entertainment following a recent sell-off, according to Wells Fargo.

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Shares of this restaurant chain are forming a long-term turnaround, according to the charts

CNBC: Investing

Dave & Buster's Entertainment (PLAY) is a restaurant and sports entertainment company with a compelling long-term setup on its chart.

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Truist downgrades Penn Entertainment, says uncertainty lingers over ESPN partnership

CNBC: Investing

The firm downgraded the gaming stock to hold from buy on Wednesday with a $3O per share price target, down from $33.

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Block acquires music financial services startup Hifi

TechCrunch: M&A

The company declined to share deal terms. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch. Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. All rights reserved.

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Bank of America forecasts more than 30% upside for this live entertainment stock

CNBC: Investing

The firm initiated the stock on Tuesday with a buy rating, accompanied by a $41 per share price target.